Investor Presentaiton
- supplies goods from the Czech
Republic to another EU member
state to a person registered for VAT
in another EU member state;
― moves their own goods from the Czech
Republic to another EU member state;
― acts as the intermediary in a triangular
transaction between VAT registered
traders in other EU member states;
- provides a service to a customer
established in another EU member
state, where the place of taxable supply
is determined in that EU member
state under the general rule.
The EC Sales List should be submitted elec-
tronically on a monthly basis, within 25 days of
the end of the month in which the supply takes
place. Quarterly VAT payers, who only provide
services as described in point 4 above, may
submit EC Sales Lists on a quarterly basis.
VAT Ledger Statement
Since 1 January 2016, Czech VAT payers are
obliged to file a VAT Ledger Statement which
is considered an effective tool to detect and
prevent tax evasion and fraud. The VAT ledger
statement is filed electronically on a monthly
or quarterly basis (depending on the status of
the VAT payer) within 25 days after the end of
a VAT period. VAT payers are obliged to report
particular data about:
local supplies;
― local purchases;
- acquisition of goods from another
EU member state and supplies
acquired from persons not
established in the Czech Republic;
supplies (both received and provided)
under the local reverse charge regime.
The VAT Ledger Statement does not substitute
VAT return or the EC Sales List.
Intrastat declarations
Businesses dispatching goods to or receiving
goods from other EU member states and ex-
ceeding relevant annual thresholds (CZK 8 mil-
lion for dispatches or CZK 8 million for goods
received) must complete and file an Intrastat
declaration.
Intrastat declarations are submitted on
a monthly basis, by the 12th working day of
the month following the month for which the
declaration is being filed. Intrastat declarations
must be submitted electronically. A penalty of
up to CZK 1 million may be imposed for failing
to submit an Intrastat declaration.
72View entire presentation